# Trilemma Corner Prediction: Multinomial Logit (One-vs-Rest)

| Variable | Z+ctrl [1.0] | Z+ctrl [2.0] | Z+ctrl [3.0] | Age+ctrl [1.0] | Age+ctrl [2.0] | Age+ctrl [3.0] |
|:---|---:|---:|---:|---:|---:|---:|
| Z_1 | 0.0790 | -0.6279** | 0.7796** | | | |
| | (0.3537) | (0.3035) | (0.3892) | | | |
| Z_2 | -0.0175 | 0.0966** | -0.1051* | | | |
| | (0.0528) | (0.0457) | (0.0591) | | | |
| Z_3 | 0.0008 | -0.0040** | 0.0039 | | | |
| | (0.0021) | (0.0019) | (0.0024) | | | |
| fiscal_bal_gdp | 0.0001 | -0.0013 | 0.0008 | 0.0003 | -0.0013 | 0.0007 |
| | (0.0015) | (0.0014) | (0.0018) | (0.0015) | (0.0014) | (0.0018) |
| nfa_gdp_lag | -0.0063 | -0.0018 | -0.0031 | -0.0071 | 0.0004 | -0.0052 |
| | (0.0068) | (0.0065) | (0.0098) | (0.0067) | (0.0065) | (0.0096) |
| rgdp_growth | -0.0023 | 0.0000 | 0.0018 | -0.0023 | 0.0001 | 0.0017 |
| | (0.0016) | (0.0012) | (0.0016) | (0.0016) | (0.0012) | (0.0016) |
| log_rel_opw | 0.0746*** | -0.0054 | -0.0607*** | 0.0647*** | -0.0061 | -0.0519*** |
| | (0.0126) | (0.0105) | (0.0130) | (0.0121) | (0.0102) | (0.0126) |
| kaopen | 0.1333*** | 0.0148*** | -0.1650*** | 0.1333*** | 0.0133*** | -0.1621*** |
| | (0.0058) | (0.0051) | (0.0068) | (0.0058) | (0.0050) | (0.0067) |
| old_dep | | | | -0.0746 | 0.0769 | -0.4350** |
| | | | | (0.1313) | (0.1234) | (0.1849) |
| youth_dep | | | | 0.0095 | 0.0064 | -0.1122* |
| | | | | (0.0599) | (0.0505) | (0.0632) |
|:---|---:|---:|---:|---:|---:|---:|
| N | 4583 | 4583 | 4583 | 4583 | 4583 | 4583 |
| R² | 0.2195 | 0.0030 | 0.2191 | 0.2191 | 0.0021 | 0.2188 |
| Countries | 150 | 150 | 150 | 150 | 150 | 150 |

*Standard errors in parentheses. Logit columns report marginal effects at means.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*